SINTEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 258.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 2nd October, 2020 (Friday) on account of Mahatma Gandhi Jayanti.

SINTEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 258.9%
Tue, 28 May

SINTEX INDUSTRIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

SINTEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,1738,3295,915-29.0%-4.2%
Other incomeRs m47521690-58.2%-81.0%
TurnoverRs m6,6478,5456,006-29.7%-9.7%
ExpensesRs m5,2427,0406,006-14.7%14.6%
Gross profitRs m9301,289-91-107.1%-109.8%
DepreciationRs m3955916154.1%55.6%
InterestRs m36455169726.4%91.4%
Profit before taxRs m646363-1,313-461.9%-303.4%
TaxRs m71105-400-481.0%-661.6%
Profit after taxRs m574258-913-454.1%-258.9%
Gross profit margin%15.115.5-1.5
Effective tax rate%11.029.030.5
Net profit margin%8.63.0-15.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.2% on a year-on-year (YoY) basis. The expenses were up by 14.6% YoY during the same period.
  • The company's operating profit declined by 109.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 4QFY19 as against 15.1% in 4QFY18.
  • Depreciation charges increased by 55.6% and finance costs increased by 91.4% YoY, respectively.
  • Other income declined by 81.0% YoY during the quarter.
  • Net profit for the quarter declined by 258.9% YoY. Net profit margins during the quarter declined from 8.6% in 4QFY18 to -15.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.7% QoQ during the same period.
  • The company's operating profit declined by 107.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 4QFY19 as against 15.5% in 3QFY18.
  • Net profit for the quarter declined by 454.1% QoQ, while net profit margins declined from 3.0% in 3QFY18 to -15.2% in 4QFY19.

To see how SINTEX INDUSTRIES has performed over the last eight quarters, please visit here.

SINTEX INDUSTRIES Share Price Performance

Over the last one year, SINTEX INDUSTRIES share price has moved down from Rs 16.5 to Rs 6.6, registering a Loss of Rs 9.9 or around 60.1%.

Overall, the S&P BSE SENSEX is up 12.8% over the year.

Current Valuations

At the current price of Rs 6.6, the price to earnings (P/E) ratio of SINTEX INDUSTRIES stands at 13.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

Equitymaster requests your view! Post a comment on "SINTEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 258.9%". Click here!

  

Related Views on News

SINTEX INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 1191.0% (Quarterly Result Update)

Aug 21, 2019 | Updated on Aug 21, 2019

For the quarter ended June 2019, SINTEX INDUSTRIES has posted a net profit of Rs 4 bn (down 1191.0% YoY). Sales on the other hand came in at Rs 5 bn (down 41.0% YoY). Read on for a complete analysis of SINTEX INDUSTRIES's quarterly results.

SINTEX IND. Announces Quarterly Results (3QFY19); Net Profit Up 22.1% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, SINTEX IND. has posted a net profit of Rs 258 m (up 22.1% YoY). Sales on the other hand came in at Rs 8 bn (down 0.9% YoY). Read on for a complete analysis of SINTEX IND.'s quarterly results.

SINTEX IND. 2017-18 Annual Report Analysis (Annual Result Update)

Jan 3, 2019 | Updated on Jan 3, 2019

Here's an analysis of the annual report of SINTEX IND. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SINTEX IND.. Also includes updates on the valuation of SINTEX IND..

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

More Views on News

Most Popular

My Top Stock to Buy in this Market Selloff(Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

Can the Nifty Fall to 10,200?(Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

I Believe These Stocks Will Deliver the Most Outsized Returns in 2021 and Beyond(Profit Hunter)

Sep 23, 2020

Rules of the racetrack can help you bag the biggest gainers of the coming decade.

What Do the Charts Say About Buying Smallcaps Now?(Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

SINTEX INDUSTRIES SHARE PRICE


Oct 1, 2020 03:37 PM

TRACK SINTEX INDUSTRIES

  • Track your investment in SINTEX INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON SINTEX INDUSTRIES

SINTEX INDUSTRIES - HEG COMPARISON

COMPARE SINTEX INDUSTRIES WITH

MARKET STATS